Cboe Global Markets, Inc. $CBOE Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its holdings in Cboe Global Markets by 16.6%, selling 85,026 shares during the second quarter, and currently owns 0.41% of the company.
• Several hedge funds, including Atria Wealth Solutions and Envestnet Portfolio Solutions, significantly increased their stakes in Cboe Global Markets during the same period.
• Cboe Global Markets recently raised its quarterly dividend from $0.63 to $0.72 per share, resulting in an annualized yield of 1.2%.

TD Asset Management Inc cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 16.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 425,886 shares of the company's stock after selling 85,026 shares during the quarter. TD Asset Management Inc owned 0.41% of Cboe Global Markets worth $99,321,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. lifted its holdings in Cboe Global Markets by 229.2% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 3,862 shares of the company's stock worth $900,000 after buying an additional 2,689 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Cboe Global Markets by 67.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,514 shares of the company's stock worth $1,519,000 after buying an additional 2,624 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in Cboe Global Markets during the 2nd quarter worth approximately $259,000. Vest Financial LLC lifted its holdings in Cboe Global Markets by 20.8% during the 2nd quarter. Vest Financial LLC now owns 19,829 shares of the company's stock worth $4,624,000 after buying an additional 3,416 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Cboe Global Markets by 24.2% during the 2nd quarter. Yousif Capital Management LLC now owns 16,540 shares of the company's stock worth $3,857,000 after buying an additional 3,225 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on CBOE shares. Piper Sandler set a $270.00 price target on shares of Cboe Global Markets and gave the stock an "overweight" rating in a research note on Tuesday. Morgan Stanley reiterated an "underweight" rating and issued a $221.00 price target on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Loop Capital set a $264.00 price target on shares of Cboe Global Markets in a research note on Wednesday, October 8th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th. Finally, Barclays lifted their price target on shares of Cboe Global Markets from $256.00 to $264.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Cboe Global Markets presently has an average rating of "Reduce" and a consensus price target of $235.46.

Cboe Global Markets Stock Down 2.2%

CBOE stock opened at $238.21 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27. The company's 50 day moving average is $241.03 and its two-hundred day moving average is $231.75. The stock has a market cap of $24.91 billion, a P/E ratio of 32.99, a PEG ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the company earned $2.15 EPS. The company's quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets's dividend payout ratio is 33.76%.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.

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